EMA5 soon crossing EMA10
Turned up and over lower keltner channel
Parabolic SAR nearing buy signal
MACD signal line crossover and histogram positive territory soon
This chart just for reference. Clearly the Bollinger Bands can remain in the Keltner Channel for along time, but I believe the Bands should be expanding soon. With a new Fed chair coming, possible downgrade by Fitch(?) and congressional shenanigans,I think we could have turbulent times ahead
For past several days, basically price action showed side way, in the middle of Keltner channel--so called, "no man's land", hesitating to go one direction, bulls and bears are fighting. However, we are seeing converging of 8 MA, 16 MA, 24 MA line, more likely price will turn to downside, appears big sell out is coming soon. So short-term day trading is...
On both weekly and daily price showing climaxing behavior, with slide along upper Keltner channel and then a pop above it all during January. End of month shows rejection of 2011 high with 31 JAN showing attempt to break through again. Current 52 week H is 18.95
Everytime the chart touches
the lower line of the
Keltner Channel - the bottom is near.
Will it be the next weeks?
This doesn't mean that the uptrend
starts immediately. The chart doesn't
need to touch the line for a new uptrend
to begin. Even after touching the line could
follow lower lows. But it's time to build
your watchlist!
My personal opinion only.
